SMH today:
Brokerage firm Invast Australia put a potential target share price of just $30 on Flight Centre and a "sell" call on the stock after a recent strong run in its price. "The company's financial position is positive, however, it price-to-book ratio does highlight some over-valuation."
....what do you expect from a CFD/FX shop....it looks at P/B in isolation as a sell signal???....sorry FX boys, companies that are adapting to a newer economy with multiple channels (online and bricks and mortar) and a focus on IP is less capital intensive and WILL have a higher P/B.
Its also on a cash adjusted PE of 13x and has an RoE in excess of 22% and no net debt !
"RoE put a potential target share price of $45 on Flight centre and a 'buy" call on the stock."
SMH today: Brokerage firm Invast Australia put a potential...
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Last
$17.00 |
Change
0.020(0.12%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.18 | $16.98 | $18.14M | 1.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6735 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.01 | 75 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
